Multi-Family $ 3,980,000

111 Cannon St

Charleston, SC 29403

  • 7 Beds
  • 2,811 SqFt
  • 5,662 Lot Size
  • 1910 Year Built
Stunning, turnkey short-term rental opportunity in the heart of downtown Charleston. This exceptional two-unit property features a total of 7 bedrooms and 7 bathrooms, including a 4 bed / 4 bath Unit A and a 3 bed / 3 bath Unit B, offering immediate income potential ($375k+) with professional management already in place and a proven track record of consistent 5-star guest reviews. Originally a historic residence, the property has been completely renovated by a premier general contractor and interior design team, blending classic Charleston character with modern functionality. Each unit is professionally furnished and thoughtfully appointed, and the sale includes all appliances, fixtures, and furnishings providing a seamless, turnkey investment.The outdoor living experience sets this property apart, featuring a private backyard retreat with spa, built-in grill, expansive lounge deck, and large outdoor dining area. Blue stone patios and brick walkways are complemented by custom landscaping and iron gates, creating one of the most distinctive and upscale outdoor environments in the city. Projected 2026 revenue is estimated at $367,000, with over $200,000 already booked, underscoring the property's strong performance and demand. Additional financials and expense details are available upon request.

Ideally located within walking and biking distance to MUSC, as well as the vibrant shops, restaurants, and nightlife of Cannonborough-Elliotborough and Upper King Street, this offering presents a rare opportunity to acquire a high-performing, fully permitted short-term rental asset in one of Charleston's most sought-after neighborhoods.
Listed by Matt Anderson of The Boulevard Company

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 811 sqft

    Price per Sqft $1,415

    Subdivision Cannonborough-Elliotborough

    MLS Listing ID 26016384

    Bedrooms 7

    HOA Y/N No

    Year Built 1910

    Lot Size 5,662 Sqft

    Acres 0.13

    Property Sub-Type Duplex

  • Location

    State SC

    County Charleston

    Area 51 - Peninsula Charleston Inside Of Crosstown

  • Building

    Dwelling Type Duplex

    Story 2

    Foundation Crawl Space

    Sewer Public Sewer

    Water Public

    Structure Type Wood Siding

    New Construction No

  • Interior

    Interior Features Ceiling Fan(s)

    Heating Heat Pump

  • Exterior

    Parking Features Other

    Community Features Pool

    Utilities Available Charleston Water Service, Dominion Energy

    Roof Type Metal

  • Schools

    Elementary Schools Memminger

    Middle Schools Simmons Pinckney

    High Schools Burke

  • Others

    Acceptable Financing Cash

    Listing Terms Cash

    Financing Cash

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CONTACT

Matt Anderson
Matt Anderson

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